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Thanks very much for the responses. Yes we will be selling the subdivided block. Hopefully the revaluation of the remaining block exceeds the existing mortgage amount by a sufficient amount. Block hasn't been valued in 3 years or so and the remaining block has the house and 2/3rds of the land...

We're about to subdivide our IP and are planning on using the proceeds to pay-down our non-deductible debt. Our IP is with one bank and the PPOR with another. What happens from the bank's perspective when the property is subdivided and the remaining land value becomes less than the original...

We're in the midst of our first subdivision and we're at the stage where the council has issued the planning permit, but the subdivided lot now requires prepatory work such as a drainage retention system, concrete crossovers, provision of services (power, gas, watertapping, telecom etc) to the...

My wife and I are just about to finalise the subdivision of our IP. I had a query regarding what happens to the IP mortgage when the titles are split: Scenario: IP Mortgage: $325,000 IP Value: $350,000~ IP 1 Value after subdivision (original block and house): $250,000~ IP 2 Value...

Thanks for the reply. Yes, I agree. Unfortunately that was the advice I'm getting from the Property Manager! We're getting a decent rate which is why we've stuck with them thus far, but may reconsider

We're finalising the subdivision of our IP which is currently tenanted on a monthly lease basis. Construction of a townhouse on the subdivided block will commence soon, which will involve considerable clearing work and preparation of the land for construction. My question is - what are the...

My situation is a little complicated and I'd like to hear people's thoughts: - IP bought in 2007 for $229,000 - Refinanced in 2009 for $325,000 - 2010 Subdivision (pending council approval) - 2010 Wife & I draw out $80,000 for purchase of PPOR (20% deposit) and miscellaneous wedding...

My wife has an investment property which she owns in conjunction with her father (purchased before we met). It is negatively geared and will likely be so for some time. Her father is now retired and as such is not receiving any benefits from the losses incurred. We plan on having kids in the...

My wife is planning on using part of our PPOR as a home office/studio for music tuition. The size used will be approximately 1/4 of the available space. If we're wanting to claim deductions for utilities etc I'm aware we'll have to apportion the pecentage claimed based but are there any...

Can anyone recommend an accountant in Melbourne (CBD or S.E suburbs) that is proficient with property investment (strategies, tax etc) Much appreciated.

My wife and I recently purchased our PPOR and are in the process of sub-dividing her IP. We are planning on building a townhouse on the sub-divided block eventually. The current tenant has expressed interest in purchasing the remaining land (with existing house). My wife is pregnant and we will...

Thanks guys Its for our PPOR. We're in the middle of renovating and paying for a wedding and wanted some flexibility with funds over the next several months. Are there other alternatives you'd suggest?

We've just started a 100% offset mortgage with NAB (Choices package) and its linked with a transaction account. As the funds in our transaction account are included in the offset arrangement, is there any point in making fortnightly payments as opposed to monthly payments if the mortgage is...

My fiance and I have just purchased a PPOR using a 100% offset mortgage through NAB (Principal & Interest). We have an IP - which we are paying off through a Westpac offset mortgage which is also Principal & Interest. I don't know much about IO mortgages - but have been told the IO period...

Thanks Rolf, How do I ensure that the lenders will lend against the Value of the property? Do I need to get it professionally valued and then approach the bank? I've heard banks are more willing to lend against the full value than lend for the lower purchase price plus funds for...

I have the opportunity to purchase a property from my sister for about $150,000. I am currently living in the house on the property and we plan to subdivide the property and build a townhouse up the back of the block. I estimate it will cost about $170,000 to build the townhouse and prepare the...

My fiance has taken out a $329,000 mortgage, of which $260,000 was used to purchase a house on a corner block (which has now been subdivided). This leaves her with an amount of $69,000 to potentially use for building a townhouse on the subdivided block of land. We are thinking of selling off the...